The Czech Republic recorded its lowest-ever crude steel production of 2.44 million tonnes in 2024, down 25% on-year, due mainly to the problems at Liberty Ostrava. Apparent consumption was 5.5mt, also the lowest-ever figure except for the 2009 financial crisis year, points out the Czech and Slovak steel association, Steel Union.
Besides Liberty Ostrava, which is in administration and initiated a sales tender last month, production was impacted by high energy prices, the global geopolitical situation, pressure from low-priced steel supply from third countries, and the poor EU macroeconomic situation, the association adds.
By product group, Czech flat products output plummeted 52% last year, with longs down 10% and the traditionally strong pipe segment down by 29%. Seamless pipe was especially affected, Kallanish notes.
“The dismal situation in the steel industry is due to the persistently unfavourable development of demand for steel products in the EU. The crisis in the construction industry and other consumer sectors such as mechanical engineering and automotive is having a negative impact on overall steel production. The competitiveness of European producers continues to be threatened by high energy prices and cheap imports from third countries,” says Steel Union supervisory board chairman Roman Heide.
Czech exports also reached a record-low of 3mt in 2024. However, imports rose 300,000t versus 2023 to 6.6mt.
Adam Smith Poland
